What were the key drivers of RTX's revenue growth in the first nine months of 2013?

Revenue growth was primarily driven by the acquisition of Goodrich Corporation, which significantly boosted the UTC Aerospace Systems segment, and organic growth in Otis and UTC Climate, Controls & Security segments. Divestitures also contributed positively to the net sales increase.

How has the Goodrich acquisition impacted RTX's financial performance?

The acquisition of Goodrich significantly increased net sales, particularly within the UTC Aerospace Systems segment. It also led to higher restructuring costs and integration expenses, but is expected to yield significant synergies and cost savings in the long term.

What is the company's strategy for managing its debt following the Goodrich acquisition?

RTX has been actively managing its debt by utilizing cash generated from operations and divestitures to repay debt incurred for the Goodrich acquisition. The company expects to make significant debt repayments in the remainder of 2013 and into 2014.

Are there any significant legal proceedings or contingent liabilities that could impact RTX's financial results?

The company is involved in several legal proceedings, most notably a substantial judgment related to the F100 engine litigation, which has been appealed and could result in a material adverse effect on results of operations and cash flows. Additionally, there are ongoing tax matters in Germany and France that the company is actively contesting.

RTX 10-Q Quarterly Report Q3 FY2013 — Revenue, Net Income, EPS

Summary

United Technologies Corporation (RTX) reported solid financial results for the nine months ended September 30, 2013. Net sales increased by 11% to $45.9 billion, driven by strong performance in the UTC Aerospace Systems segment following the significant Goodrich acquisition and growth in commercial businesses like Otis and UTC Climate, Controls & Security. Net income attributable to common shareholders increased to $4.26 billion, up from $3.07 billion in the prior year, reflecting improved operational efficiency and strategic divestitures. The company demonstrated a commitment to returning capital to shareholders through share repurchases and dividends, while also managing its debt load effectively after the large Goodrich acquisition.

Financial Highlights

46 data points

Beta

Revenue

$15.46B

0.3% Gross Margin

Net Income

$1.43B

0.1% Net Margin

EPS (Diluted)

$1.57

Total Assets

$90.33B

Free Cash Flow

$1.54B

Financial Statements

Beta

Revenue	$15.46B
Cost of Revenue	$8.32B
Gross Profit	$4.44B
R&D Expenses	$630.00M
SG&A Expenses	$1.63B
Operating Expenses	$13.28B
Operating Income	$2.37B
Net Income	$1.43B
EPS (Basic)	$1.59
EPS (Diluted)	$1.57
Shares Outstanding (Basic)	900.80M
Shares Outstanding (Diluted)	915.50M

Key Highlights

1Net sales increased by 11% to $45.9 billion for the nine months ended September 30, 2013, compared to the same period in 2012.
2Net income attributable to common shareholders rose to $4.26 billion for the nine months ended September 30, 2013, up from $3.07 billion in the prior year.
3The UTC Aerospace Systems segment saw significant growth, largely attributable to the acquisition of Goodrich Corporation in July 2012.
4The company actively managed its debt, with total debt decreasing from $23.2 billion at the end of 2012 to $21.2 billion by September 30, 2013.
5RTX continued to return capital to shareholders, repurchasing approximately $1 billion of common stock in the first nine months of 2013.
6Restructuring costs of $343 million were incurred during the first nine months of 2013 as part of ongoing cost reduction efforts across segments.

RTX Corp Quarterly Report for Q3 Ended Sep 30, 2013

Summary

Financial Highlights

Key Highlights

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